NAICS 3222 · IRS SOI 2013 (C corp) · Census CBP 2023

Converted Paper Product Manufacturing - Industry Benchmarks

$68,760/yr average annual pay, with 207 SBA loans on record for NAICS 3222.

9.5%
Net margin: 261K
Workers employed: $68,760/yr
Avg payroll / employee: $241M
SBA lending, FY20–26

Data updated August 2026

The verdict · NAICS 3222

Converted Paper Product Manufacturing runs a 9.5% pre-tax net margin - in line with the national median - across 3K establishments employing 261K workers.

9.5%
Pre-tax net margin (IRS SOI): 261K
Workers employed (Census CBP): $68,760/yr
Avg payroll / employee: $241M
SBA lending, FY20–26

Use Converted Paper Product Manufacturing's NAICS benchmark as a comparison point, not a forecast for one business.

Converted Paper Product Manufacturing is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.

Source: IRS SOI 2013 (C corporation headline) and Census County Business Patterns 2023

Benchmarking Insights for Converted Paper Product Manufacturing

Converted Paper Product Manufacturing sits inside Manufacturing at a 9.5% net margin (in line with the national median), $110.4B in aggregate receipts across 2,358 returns, averaging $46.8B per establishment.

3,411 establishments employ 260,693 workers (76.4/location) at $68,760/yr average annual pay. Wisconsin leads employment, followed by Ohio and California.

Converted Paper Product Manufacturing sits in the 60th percentile for employment and the 82nd percentile for net margin among 4-digit NAICS industries with reported data.

Profit Margin

9.5%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$110.4B

Annual revenue (IRS SOI)

Net Income

$10.5B

Pre-tax net income

Employment

260,693

Total employees (Census CBP)

Avg Payroll / Employee

$68,760/yr

Annual compensation

Establishments

3,411

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

Employment decreased by 2,890; establishment count increased by 5. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

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Where each dollar of Converted Paper Product Manufacturing revenue goes

Receipts decomposition, IRS Statistics of Income 2023 aggregate for Converted Paper Product Manufacturing

Workforce scale

Establishment size, Converted Paper Product Manufacturing (Census SUSB)

Converted Paper Product Manufacturing margin vs national reference points

Converted Paper Product Manufacturing net margin 31.6%

Cross-industry median (5%)

p25/median/p75 = 3%/5%/7%

Business Structure Breakdown

Per-entity IRS SOI tables at their own vintages, shares only when every row shares one year (never mix 2013/2017/2022 populations).

C Corporation SOI 2013

2,358 returns 100%

Margin: 9.5% · Receipts: $110.4B

Financial Detail

Total Tax Returns Filed: 2,358
Avg Receipts per Business: $46.8B
Annual Payroll (Total): $17.9B
Avg Employees per Establishment: 76.4

Sub-Industries

Industry	Profit Margin	Employment	Avg Payroll/Emp
Other Converted Paper Product Manufacturing NAICS 32229	N/A	32,272	$66,978/yr
Paper Bag and Coated and Treated Paper Manufacturing NAICS 32222	N/A	55,911	$67,801/yr
Paperboard Container Manufacturing NAICS 32221	N/A	157,227	$70,226/yr
Stationery Product Manufacturing NAICS 32223	N/A	15,283	$60,951/yr

Top States by Employment

State	Employment	Establishments	Annual Payroll	Avg Payroll/Emp
Wisconsin	19,208	169	$1.4B	$73,883/yr
Ohio	19,068	240	$1.3B	$68,073/yr
California	17,964	323	$1.3B	$74,134/yr
Pennsylvania	17,588	205	$1.2B	$68,687/yr
Illinois	14,856	209	$1.1B	$75,078/yr
North Carolina	13,729	153	$929.4M	$67,694/yr
Texas	13,144	215	$902.7M	$68,675/yr
New York	10,162	148	$707.2M	$69,595/yr
Tennessee	9,519	111	$610.3M	$64,116/yr
Indiana	9,071	108	$602.2M	$66,389/yr

Showing top 10 of 45 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

207

Total Loan Volume

$241M

Avg Loan Size

$1165K

Jobs Supported

2,787

Program Breakdown

7(a) 146 (71%)

504 61 (29%)

Top SBA Lender

WBD, Inc.

12 loans in this industry

New Business Share

21.7% of borrowers were new/startup businesses

Annual Lending Trend (7 yrs)

2020

2021

2022

2023

2024

2025

2026

View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Converted Paper Product Manufacturing?

$110.4B in total annual receipts across all Converted Paper Product Manufacturing businesses. Average per business: $46.8B.

How profitable is Converted Paper Product Manufacturing?

9.5% net profit margin, in line with the national median.

How many businesses are in Converted Paper Product Manufacturing?

3,411 business establishments. Together they employ 260,693 workers.

What is the average payroll per employee in Converted Paper Product Manufacturing?

$68,760/yr average annual pay per employee. Businesses average 76.4 employees per establishment.

Which states have the most Converted Paper Product Manufacturing employment?

Wisconsin leads with 19,208 workers. Ohio (19,068) and California (17,964) round out the top three.

How much SBA lending does Converted Paper Product Manufacturing receive?

Converted Paper Product Manufacturing businesses received 207 SBA loans totaling $241 million between FY2020 and FY2026. The average loan size was $1165K. These loans supported 2,787 jobs at origination. Most lending (71%) came through the SBA 7(a) program.

Nationwide industries with similar benchmark drivers

Two IRS/Census peer sets for Converted Paper Product Manufacturing, both at NAICS level 4 and excluding this code so the neighborhoods are not self-links.

According to Census County Business Patterns 2023, Converted Paper Product Manufacturing ranks #104 of 259 U.S. industries at the 4-digit NAICS level by total employment. According to IRS SOI 2013 IRS Statistics of Income, its reported pre-tax net margin ranks #23 of 126 at that same detail level.

Similar reported net margin

Nearest peer industries by ABS(IRS pre-tax margin) (9.5% here).

Foundries 9.5% Apparel Accessories and Other Apparel Manufacturing 9.6% Commercial and Service Industry Machinery Manufacturing 9.3%

Similar workforce scale

Nearest peer industries by ABS(Census employment) (260,693 here).

Waste Collection 263,050 Other Food Manufacturing 257,870 Drycleaning and Laundry Services 256,702

Read with this industry: Understanding profit margins by industry · Manufacturing · Rankings

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 3222 · CBP 2023 · IRS SOI 2013

According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.

Read our methodology - how this data is sourced, computed, and verified.

Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023 Accessed 2026-07-06

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.